There are some aspects of this fund which may require extra consideration before deciding to invest.
Schedule 1 exemption
This investment offer has a Schedule 1 exemption, which means there is not as much required to be disclosed about it as others. There will be fewer documents to see. Here's more about Schedule 1.
Exclusion for debt securities issued by a registered bank (clause 21(b) of Schedule 1 of the FMCA)
Issuer's description of this product:
A retail programme for the issuance of unsecured, unsubordinated medium term notes
Minimum investment
This is the minimum amount you would need to put into this in order to invest.
Closing date
This offer does not have a closing date and is a continuous issue. It's likely you'll be able to invest for the forseeable future.
Maturity
This investment does not have a fixed date of maturity, which can mean flexible or multiple terms are available.
Rate
This investment offer does not have a single set rate. This may mean that the rate is variable or that there are multiple rates available.
Key facts
Provider website
Issuer's industry
Financial/insurance
Credit ratings
Credit ratings can help you understand whether your investment in bonds will pay or if you'll get your money back. They indicate the long-term ability of the issuer to repay its debts. See also the Reserve Bank's primer on credit ratings and a map of the three scales used by the rating agencies.
(Standard & Poor's)
This is the credit rating for this particular bond or debt security.
Issuer credit rating
This is the credit rating for the organisation issuing the bond or debt security.
Maturity
Maturity conditions description
The Notes will have an original term of 365 days or more, with the particular term set out in the relevant final terms and (if applicable) confirmation of issue
Rate
Rate calculation description
Each series of Notes will bear interest at either: (i) a fixed rate for the whole term of the Notes; or (ii) a floating rate calculated as a specific margin (which will apply for the whole term of the Notes) over the 3 month wholesale bank bill rate. Non interest-bearing (zero coupon) Notes may also be issued.
The interest rate or the method by which the interest rate will be determined will be set out in the relevant final terms and (if applicable) confirmation of issue
Key documents
These are the most important documents that a provider is required to file about this investment.
Product disclosure statement
Before you invest in a product like a fund, you are given a PDS which has essential details about it and the company providing it. Here's more on how to read a PDS.
ICBC NZ MTN - Product Disclosure Statement - 25 September 2024.pdf
How this investment works, including about the provider, risks, costs and potential returns
Additional disclosure documents
These are more documents from the provider that can contain interesting information.
ICBC NZ MTN - Note Deed Poll - 2 Sep 2015.pdf
ICBC NZ MTN - Final Terms (Series RFIX2 Fixed Rate Notes) - 11 Aug 2017.pdf
ICBC NZ MTN - Final Terms (Series RFLT2 Floating Rate Notes) - 11 Aug 2017.pdf
ICBC NZ MTN - Final Terms (Series R1 Floating Rate Notes) - 21 Feb 2017.pdf
ICBC NZ MTN - Final Terms (Series R2 3.47% Fixed Rate Notes due 2021) - 9 Mar 2017.pdf
ICBC NZ MTN - Note Deed Poll - 11 Aug 2017.pdf
ICBC NZ MTN - Amending Deed - 11 Aug 2017.pdf
ICBC NZ MTN - Final Terms (Series R4 Floating Rate Notes) - 7 June 2018.pdf
ICBC NZ MTN - Ranking Diagram as at 31 Dec 2017.pdf
ICBC NZ MTN - Availability of Disclosure Statements.pdf
ICBC NZ MTN - Ranking Diagram as at 31 Dec 2018.pdf
ICBC NZ MTN - Final Terms (Series R5 Floating Rate Notes) - 21 June 2019.pdf
ICBC NZ MTN - Final Terms (Series R6 2.61% Fixed Rate Notes due 2024) - 21 June 2019.pdf
ICBC NZ MTN - Final Terms (Series R6 2.61% Fixed Rate Notes due 2024) - 21 June 2019.pdf
ICBC NZ MTN - Supplement - 28 June 2019.pdf
ICBC NZ MTN - Ranking Diagram as at 31 December 2019.pdf
ICBC NZ MTN - Final Terms (Series R5 Tranche 2 Floating Rate Notes due 2022) - 10 November 2020.pdf
ICBC NZ MTN - Ranking Diagram as at 31 December 2020.pdf
ICBC NZ MTN - Availability of Disclosure Statements.pdf
ICBC NZ MTN - Ranking Diagram as at 31 December 2021.pdf
ICBC NZ MTN - Final Terms (Series R7 Floating Rate Notes due 2025) - 18 May 2022.pdf
ICBC NZ MTN - Availability of Disclosure Statements.pdf
ICBC NZ MTN - Ranking Diagram as at 31 December 2022.pdf
ICBC NZ MTN - Supplement - 27 February 2024.pdf
ICBC NZ MTN - Ranking Diagram as at 31 December 2023 .pdf
Additional details
Issuer details
Name
INDUSTRIAL AND COMMERCIAL BANK OF CHINA (NEW ZEALAND) LIMITED
Type
NZ Limited Company
Industry
Financial/insurance
Website
NZBN
9429030309739
FSP Number
Credit rating
Not provided
Offer details
Date registered
02 September 2015
Date opened
02 September 2015
Closing date
None
Offer credit rating
A (stable) (Standard & Poor's) on 01 September 2015
Continuous issue
Yes
Further payments may be required
Yes
Restrictions on transfer
No
Issuer can withhold, reduce, or delay payment
No
Convertible product
No
Intending to list
No
Schedule 1 exemption
Yes: Exclusion for debt securities issued by a registered bank (clause 21(b) of Schedule 1 of the FMCA)
FMA exemption
No
Reference numbers
Offer
OFR10266: INDUSTRIAL AND COMMERCIAL BANK OF CHINA (NEW ZEALAND) LIMITED MEDIUM TERM NOTE PROGRAMME
Next steps
Want to know more about this investment or how it compares to others? Have a look at its peers.
Product disclosure statement
Take a deeper dive into the PDS, which has essential details about this offer and the company providing it. Here's more on how to read a PDS.
Getting investment advice
Good advice is gold. Everyone can benefit from expert advice, provided the adviser has your interests at heart. Here's how to find one and key questions to ask.
Interested in investing in this offer? Visit the provider's website. icbcnz.com